TELETRADER News
7/17, 9:15 AM (Source: TeleTrader)
more TeleTrader news

European stocks decline on Trump's trade comments

European stocks declined in early trading on Wednesday after United States President Donald Trump sparked fresh trade concerns by saying Washington still has a "long way to go" before resolving its trade dispute with Beijing. Trump also warned the US could impose import tariffs on an additional $325 billion worth of Chinese products. On the data front, investors awaited inflation figures from the Eurozone and the United Kingdom.

The FTSE 100 lost 0.14% at 9:14 am CET. Johnson Matthey led the losses as its stock dropped 3.07% at 9:15 am CET. The DAX fell 0.19% at 9:15 am CET with ThyssenKrupp, down 1.64% at 9:16 am CET, as the worst performer. The CAC 40 dipped 0.03% at 9:15 am CET as ArcelorMittal slid 2.08% at 9:15 am CET.

The euro traded flat against the dollar, going for 1.2080 at 9:18 am CET, while the pound decreased by 0.15% compared to the US currency to sell for 1.23884 at 9:19 am CET.

Breaking the News / NP